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BPP CIMA P1 Performance Operations Study Text (2011 syllabus)

Exam 1: An exam of length 1.5 hours plus 10 minutes reading time, weighted at 50% covering Learning Outcomes 1, 2 and elements of 3.

Exam 2: An exam of length 1.5 hurs plus 10 minutes reading time, weighted at 50% covering Learning Outcomes 3 and 4.

Management Accounting helps you handle financial information in a manner that will enhance the financial and operational performance of a business. It ensures that financial challenges are met and opportunities exploited. By using management accounting techniques you are able to adapt a business to the opportunities and constraints it may face.
This module develops the knowledge acquired in the Level 4 module, Fundamentals of Management Accounting or its equivalent. In this module you will be introduced to cost accounting systems, project appraisal techniques and short-term funding and investment appraisal.
You will study marginal, throughput, absorption and activity based cost accounting systems of profit reporting and stock valuation. You will learn how to calculate and interpret a range of variances, and to distinguish between planning and operational variances. The interpretation of variances and the preparation of reports are also included in this module – these are important skills to master and are essential in a business environment.

The module concludes with investment appraisal techniques, including discounted cash flow methods, relevant to long term planning and decision-making.
When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance, the successful completion of this module may lead to an exemption from a professional accountancy qualification – for up to date information on accreditation and exemptions please contact the Award Leader

The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.

You will build on the skills you have learnt in your first year and focus on decision-making techniques such as, multi-stage cost allocation, marginal and absorption costing and activity based costing. You will study investment appraisal and planning, as well as control and performance evaluation such as budgeting and variance analysis.